JAYATIASA

 

YTL POWER

 

TOPGLOVE

 

INSAS

 

This company retained most of its earnings.  It started distributing some dividends in recent years.  Despite retaining most of its earnings, its profits remained unimpressive, showing no long term consistent growth.

LII HEN

 

2013 TO 2015:  Profits increased due to increased in revenues and expanding profit before tax margins.

From 2015 to now:  Revenues and profits remained flattish.

IFCA-MSC

 

Revenues, profits before tax and adj EPSs declined over the years.  In 2022, the company reported a loss.

Quality:  -

Management:  -

Valuation: -

Hartalega

 

The revenues and adj EPS of Hartalega grew consistently for many years.  Due to the pandemic, its revenues and EPSs shot up, due to higher volumes delivered and better profit margins.  Now that the pandemic over, the world is faced with an oversupply of past inventories and falling demands for gloves.   It will be another year or two before these inventories are depleted and demands for gloves at the normal level resumed.   Gloves usage are still expected to grow over the years. 

Due to the huge profit margin during the pandemic enjoyed by the glove manufacturers and the ease of entry into this industry, many new players were attracted and established production of gloves.  Faced with new competitors, especially those from China, the preexisting glove manufacturers may not be as relaxed as in the past.   They can expect their profit margins to be very tight, having to keep production costs down.

Finally, in this commodity market of gloves, it will be the ones with the lowest costs that will be the leaders in this revamped glove industry.

Petronas Dagangan

 

The fast growths in the 80s and 90s have petered out.  It is now a big company with steady revenues and earnings, throwing up a lot of free cash flows.  It distributes most of its earnings as dividends.  Those in this stock are mainly enjoying its steady dividends.

COMCORP (COMINTEL)

 

PARKSON

 

Parkson showed losses for many years since 2016.  The recent quarters showed small profits.

Will Parkson turnaround?  Turnarounds can be very slow.  In fact, many turnarounds never turned to the better.

PUBLIC BANK BERHAD

 

PBB is a stalwart in Peter Lynch's 6 groups of businesses.

You are owning a stock that is growing at a reasonable rate.

Own this when its price is fair or reasonable.

This is an example of owning a GARP company (Growth at Reasonable Price).

TSH

 

MBSB

 

BANK OF AMERICA

 

UNILEVER

 

PROCTER & GAMBLE

 

ALIBABA

 

MICROSOFT

 

EXXON MOBIL

 

KRAFT HEINZ